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Sep 16, 2012
09/12
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WRC
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>> first of all, i'm frightened that we're going to breach this fiscal cliff and we're going to what i would call really vet the country and take that high risk. that could lead to really horrible economic results. i met with the president and i -- >> take you to the wood shed. took the axe. >> i did take the axe. >> i don't have political fear don't want jobs up here, don't want -- allen and i are not looking to feather our nest. i'm confident that after the election he's prepared to negotiate with the republicans and come up with a plan that falls within the framework of what we've talked about. >> i believe that too. >> do republicans change their view about opposing him on mass if he prevails for a second term? >> if they don't begin to deal honestly with things without the hysteria and the using emotion, fear, guilt and racism and everything else, they will be a party that won't make it through. when you have 82 guys in the congress who didn't come to limit government, they are there to stop it. i mean, i always say to them, especially guys over 65, holding up with their fragile
>> first of all, i'm frightened that we're going to breach this fiscal cliff and we're going to what i would call really vet the country and take that high risk. that could lead to really horrible economic results. i met with the president and i -- >> take you to the wood shed. took the axe. >> i did take the axe. >> i don't have political fear don't want jobs up here, don't want -- allen and i are not looking to feather our nest. i'm confident that after the election...
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Nov 28, 2012
11/12
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FOXNEWSW
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and with the fiscal cliff starting this month. it will fix a rocky relationship with the business community. no longer do we hear the fat cat talk but we hear the urgency and what strikes me is we are hearing from people we never hear from before at businesses, including the c.e.o. of walmart or walgreens or c.v.s., the c.e.o. of walmart is saying we don't need the uncertainty and the customers don't. and c.e.o. of c.v.s. is saying to washington, dc, our american families, our customers do their own budgeting, they don't need what is coming out of washington, dc, right enjoy, but they want to know you are working on our behalf and walgreens saying the c.e.o. saying the lack of fiscal chair difficult in washington, dc, this is holding back walgreens from investing and creating jobs and creating economic pregnant for -- economic growth for the country. >>neil: i worry about those companies who could use this as a excuse for bad sales or down gravity in their stock and blame it on the fiscal cliff when it has nothing to do with that
and with the fiscal cliff starting this month. it will fix a rocky relationship with the business community. no longer do we hear the fat cat talk but we hear the urgency and what strikes me is we are hearing from people we never hear from before at businesses, including the c.e.o. of walmart or walgreens or c.v.s., the c.e.o. of walmart is saying we don't need the uncertainty and the customers don't. and c.e.o. of c.v.s. is saying to washington, dc, our american families, our customers do...
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Dec 3, 2012
12/12
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FOXNEWSW
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it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising taxes on the rich, the president is ready to go off the cliff. >> right now i'd say we are nowhere, period. nowhere. >> john boehner declaring a stalemate in an exclusive with fox, as republicans teed off on president obama first offer that included new spending plus 1.6 trillion in tax hikes. totally unacceptable. >> i think we are going over the cliff. it's clear to me they made political calculation. white house officials insisted disaster could be amended and demanded a counter offer on the table. >> what we hope for is specificity from the republicans. >> an hour lat
it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising...
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Nov 15, 2012
11/12
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CNBC
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everybody here is focused on the fiscal cliff. coming up, i will talk to allen simpson and erskine bowles in an interview you cannot afford to miss. hope you join us 4:00 p.m. eastern. the co-founders of the fix the debt campaign, which many corporate leaders are backing. they'll tell us how they think washington can come together and reach a deal, bill. >> sure would be great to figure that out. maria, looking forward to that. i'm bill griffeth here at the new york stock exchange. markets continue to feel the sting of the uncertainty surrounding the fiscal cliff crisis. look at the dow, for example. it can't decide whether to go higher or lower today. it's been zigging and zaging all session today. down 42 points. that's about the midpoint of the range. the nasdaq is down 11 points, about 1/3 of a percent. the s&p 500 index also trading lower, down 3 1/3 points. some long-time traders may say the first and final hours of the trading day are the most important. since the market highs back on september 14th at the time that qe-3 wa
everybody here is focused on the fiscal cliff. coming up, i will talk to allen simpson and erskine bowles in an interview you cannot afford to miss. hope you join us 4:00 p.m. eastern. the co-founders of the fix the debt campaign, which many corporate leaders are backing. they'll tell us how they think washington can come together and reach a deal, bill. >> sure would be great to figure that out. maria, looking forward to that. i'm bill griffeth here at the new york stock exchange....
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Nov 15, 2012
11/12
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CNBC
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eye 250
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and we've got this fiscal cliff, which will force action. i think they are pretty pitch saying the same thing. both of them are saying we have to have revenue. the president says, look, i want that revenue to be real. the only way i don't know fknow real for sure it to raise the tax rate. the speaker is saying there's a better way to do it. that's by reducing the spending in the tax code. i think he's probably willing to confine it to the top 2%. what we have to do is find that middle ground where we make sure so the president knows that we're going to get that money but we're going to get it in the most productive, economic way we can. >> the speaker's point is you don't want to be raising tax rates now at such a fragile time in the economy. we've already watched the stock market sell off, you know, 5% in the last week because of this uncertainty over where their tax rates are going. >> i am really worried that we won't get to a deal. i know we can get to a deal. i know how to get to the deal. we get there by taking some of the money from r
and we've got this fiscal cliff, which will force action. i think they are pretty pitch saying the same thing. both of them are saying we have to have revenue. the president says, look, i want that revenue to be real. the only way i don't know fknow real for sure it to raise the tax rate. the speaker is saying there's a better way to do it. that's by reducing the spending in the tax code. i think he's probably willing to confine it to the top 2%. what we have to do is find that middle ground...
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Dec 4, 2012
12/12
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CNNW
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do not cooperate with the fiscal cliff idea. rebel and say just extend everything and come back later when the economy is at full employment. >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? we're on day 29, heading into day 28. >> i get excited when i hear david say things so far outside the box. but this is washington. i guess it's not air box, it's a beltway here. and we are in this debt mania. there is a long term crisis on debt. i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i think it's a good idea. raising tax rates on the rich. i saw your interview with senator coburn. he is
do not cooperate with the fiscal cliff idea. rebel and say just extend everything and come back later when the economy is at full employment. >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? we're on day 29, heading into day 28. >> i get excited when i hear david say things so far outside the box. but this is washington. i guess it's not...
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79
Nov 15, 2012
11/12
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FBC
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cliff and how do you say fiscal cliff in russian? looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidely. liz: the power mover of the hours diamond foods, the fast-food company going stale hitting a six year low. your the one week chart so you can see what happened here and it is not a pretty picture. big drop off right here. news is that it's a six year low it is restating its financial results for fiscal year 2010 and 2011. not just 2011 where the real problems began. that is a real problem because as you see when you look at this company is a troubling thing. not just 20% lo
cliff and how do you say fiscal cliff in russian? looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account...
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Dec 3, 2012
12/12
by
KQED
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. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion in taxes over ten years, imposing higher rates on those making more than $250,000 a year. in a letter sent to the white house today, speaker of the house john boehner rejected the president's approach, writing that republicans cannot in good conscience agree to this approach which is neither balanced nor realistic. his counter-offer, save $2.2 trillion by among other things raising $800 billion in new revenues. the plan would also raise the future eligibility age for medicare and alter medicaid to save another $600 billion. the republican plan would not increase tax rates for the wealthy. the president is campaign
. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion...
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but teddy is right, especially -- 52 days until we hit that fiscal cliff. we either go tumbling over. let's get to the trader sentiment. how much are they caring about the real story of stocks and that is earn sngs -- that is earnings? >> that's key, it is earnings and economic data. both of those pieces can give us a little bit of rally into the end of the year. liz: consumer sentiment was one of those pieces of data and it looked pretty good. >> yeah, if you see that continue to happen, we have 7 weeks left in the year. certainly the fiscal cliff will be some head winds fighting on that situation. with that being said, i believe we will get some kind of rally. the only question is do we have another pullback and then rally into the end of the year? that's not going to make the markets look so good or people who have long positions look so good. that's something to think about. liz: some stocks are doing very well on good news today. we have the new lows -- again mcdonald's i know it is a widely held stock for a lot of our investors. and the energy picture
but teddy is right, especially -- 52 days until we hit that fiscal cliff. we either go tumbling over. let's get to the trader sentiment. how much are they caring about the real story of stocks and that is earn sngs -- that is earnings? >> that's key, it is earnings and economic data. both of those pieces can give us a little bit of rally into the end of the year. liz: consumer sentiment was one of those pieces of data and it looked pretty good. >> yeah, if you see that continue to...
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Nov 17, 2012
11/12
by
CSPAN
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eye 139
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navy is on all tied to the fiscal cliff. investors -- >> there are lots of factors that go into the nervousness in the stock market. there are these twin objectives that are weighing on people's minds. one is people do not want to much deficit reduction rain now because it would have a negative impact on the economy if we go over the fiscal cliff, from a numbers point of view, when you look at the congressional budget office 10 years out, you have your deficit to gdp ratio down below 1%. peterson institute have this the website. their mathematically, that would be the way to go. but it would have a detrimental impact right now on the economy. it would be a major drag on the economy. the trick is to accomplish both these objectives. one is to prevent the drag on the economy. plan shouldt's jobs be part of that. but the that is part of the six- week discussion work immediately beyond is something we can talk about. we have got to do this piece. that chart illustrates there is an important revenue component to this. if you do n
navy is on all tied to the fiscal cliff. investors -- >> there are lots of factors that go into the nervousness in the stock market. there are these twin objectives that are weighing on people's minds. one is people do not want to much deficit reduction rain now because it would have a negative impact on the economy if we go over the fiscal cliff, from a numbers point of view, when you look at the congressional budget office 10 years out, you have your deficit to gdp ratio down below 1%....
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talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so go there i guess i'm not as informed as they should be but i just kind of figure it might work out do you think most people feel that way you know even most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah do you think there's actually something to worry about or do you think it's something the politicians in the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas people fall into a trip when it comes to real life. people that don't do their job. yeah which is all of them in a word yes yes it's t
talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so go there i guess i'm not as informed as they should be but i just kind of figure it might work out do you think most people feel that way you know even most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex...
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Jun 7, 2012
06/12
by
CNBC
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eye 194
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can we avoid the fiscal cliff and the lame duck congress? i don't know how investors, i don't know how men and women in business are going to react to that, but i don't think they're going to be thrilled about it. and i think people in the senate, the house, may try to rush the process, but speaker boehner's probably right. it takes two to tango and you can't get it done unless he works with president obama on common ground. i worry about this story. i think it's got a disappointing theme to it. we'll see how it ends after the election. anyway, up next on "kudlow," let's go to ben bernanke. he says all the options are on the table when it comes to the u.s. economy, but the message from congress today was loud and clear -- less is more. take a listen. >> i wish you would take a third round off the table. i wish you would look the market in the eye and say, the fed has done all it can, perhaps too much. i wish you'd look at this president in congress in the eye and say, it is time to do your job. >> all right. well, the man who helped bernanke
can we avoid the fiscal cliff and the lame duck congress? i don't know how investors, i don't know how men and women in business are going to react to that, but i don't think they're going to be thrilled about it. and i think people in the senate, the house, may try to rush the process, but speaker boehner's probably right. it takes two to tango and you can't get it done unless he works with president obama on common ground. i worry about this story. i think it's got a disappointing theme to...
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Nov 28, 2012
11/12
by
FOXNEWSW
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eye 179
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something tells me again i think we'll have another fiscal cliff panel soon. next up, harry reid and the nuclear option. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> filibuster is far from a procedural gimmick. it's part of the fabric of this institution we call the senate. it was well-known in colonial legislature before we became a country. and it's an entry federal part of our -- entr intri gal part of our history. >> it's a fundamental power grab by the majority party. >> checks and balances that americans prize are at stake. i will do everything i can to prevent the nuclear option from being invokeed. not for sake of myself or my party. but for the sake of this great republic and its traditions. >> everyone in this chamber knows if the majority chooses to end the filibuster, if they choose to change the rules and put an end to democratic
something tells me again i think we'll have another fiscal cliff panel soon. next up, harry reid and the nuclear option. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> filibuster is far from a procedural gimmick. it's part of the fabric of this institution we call the...
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Dec 3, 2012
12/12
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CNBC
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eye 275
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a gop counteroffer on the fiscal cliff is just being released. let's go to e-mailen j amon jav >> they say boehner is offering multi-step solution here, including what he's after is $800 billion in revenue through tax reform. that's obviously significantly less than the $1.6 trillion the president asked for his-n his initial offer last week. other details in this offer being reported by nbc. health savings of $600 billion. other mandatory savings of $300 billion. a revision to cpi of $200 billion. and further discretionary savings of $300 billion. guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we do
a gop counteroffer on the fiscal cliff is just being released. let's go to e-mailen j amon jav >> they say boehner is offering multi-step solution here, including what he's after is $800 billion in revenue through tax reform. that's obviously significantly less than the $1.6 trillion the president asked for his-n his initial offer last week. other details in this offer being reported by nbc. health savings of $600 billion. other mandatory savings of $300 billion. a revision to cpi of $200...
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Dec 11, 2012
12/12
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FOXNEWSW
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eye 177
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as the fiscal cliff draws near, the anointed one prepares for another hawaii megavacation. rudy giuliani and allen west are here to talk about the misplaced presidential priorities. and the deejays behind the royal nurse suicide break their silence. tonight on "hannity," our commander in chief embraces a rapper calling for the death of innocent americans. now practically everybody in america has heard about the gangnam style popular song by the rapper psy. listen. >> ♪ ♪ >> sean: very popular. while the youtube video has had more than 900 million hits, new information about the singer is emerging. back in 2004, the rapper performed a song entitled "dear american" with the lyrics, quote, kill those black yankees who have been torturing iraqi captives. kill those black yankees who ordered them to torture. kill their daughters, mothers, daughters-in-law, fathers, kill them all slowly and painfully. now after must deserved outrage from you the american people the controversial psy was forced to issue an apology last week through his publicist, but it's too little too late.
as the fiscal cliff draws near, the anointed one prepares for another hawaii megavacation. rudy giuliani and allen west are here to talk about the misplaced presidential priorities. and the deejays behind the royal nurse suicide break their silence. tonight on "hannity," our commander in chief embraces a rapper calling for the death of innocent americans. now practically everybody in america has heard about the gangnam style popular song by the rapper psy. listen. >> ♪ ♪...
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532
Nov 9, 2012
11/12
by
CURRENT
tv
eye 532
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we know fiscal reform is coming because of the fiscal cliff. we know immigration because he certainly has said that and it might be an easy way to go. with the republicans who need to make some inroads with the hispanic community and climate change is something that he has said that he wants to work on obviously clean energy jobs. he knows he's going to have to compromise though to get anything through the republican house. the question was going to be how much will the republicans be willing to compromise with him? now, an nbc news "wall street journal" poll from late october shows that 75% of americans want congress to compromise on the budget deficit. only 15% say that congress should stick to their guns. on the heels of the election, the president does have significant leverage. the progressive community is going to be eagerly watching to see how he uses that leverage. so with us now to look ahead to the president's second term agenda is democratic pollster john whaley from hart research. his data shows how much wiggle room the public is go
we know fiscal reform is coming because of the fiscal cliff. we know immigration because he certainly has said that and it might be an easy way to go. with the republicans who need to make some inroads with the hispanic community and climate change is something that he has said that he wants to work on obviously clean energy jobs. he knows he's going to have to compromise though to get anything through the republican house. the question was going to be how much will the republicans be willing...
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150
Nov 29, 2012
11/12
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MSNBCW
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a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales,
a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck...
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Dec 10, 2012
12/12
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MSNBC
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eye 52
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why aren't you for going over the fiscal cliff? i heard you yesterday saying it would be catastrophic, but let me read you estimates. we go over the cliff, we suddenly have -- we're basically taking in as much money as we're spending over a five-year period. yes, the economy is in bad shape in 2013 but by 2018 we'd have a debt to gdp ratio of 1.1%. isn't this simpson-bowles on steroids? >> you know, it's no different than what happened over in the uk, in my opinion. they had a similar proposal to what we proposed with dollar revenue and $3 worth of spending cuts. they had a cost benefit analysis they did on all the spending programs, they raised the retirement age. they slowed the rate of growth of health care and they tried to get to balance in four or five years. and we thought at the time the debt was too much too quick that amount of austerity would really, you know, lead to a recession. that's why we had as our number one priority in our program that we didn't want to do anything to disrupt a very fragile economic recovery, so
why aren't you for going over the fiscal cliff? i heard you yesterday saying it would be catastrophic, but let me read you estimates. we go over the cliff, we suddenly have -- we're basically taking in as much money as we're spending over a five-year period. yes, the economy is in bad shape in 2013 but by 2018 we'd have a debt to gdp ratio of 1.1%. isn't this simpson-bowles on steroids? >> you know, it's no different than what happened over in the uk, in my opinion. they had a similar...
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Oct 11, 2012
10/12
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CNBC
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eye 89
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make the case for going over the fiscal cliff. raise taxes on everybody, short-term pain for long-term gain. >> remember, i'll make two quick points. first of which is if you're the cbo, the chart looks like a "v." you go down off the cliff, you take some pain over the first six months, then you return to trend, and then some over the ensuing three to five years. so there's something to be said for that. the other point i'll make, remember, if you're barack obama and you win re-election, you get to -- you go over the cliff and then you get to spend the first six months of next year campaigning on the obama tax cut pledge. so there's something to be said for congressional democrats and the president allowing this to happen so that you don't extend tax cuts, you get to implement new tax cuts. >> fantastic conversation. >> really was. dan, steve, kate, thank you. >> and relatively civilized considering the topics we have at hand. >> and considering dan was rick santelli. >> steve will play santelli next. mandy will play steve and i'l
make the case for going over the fiscal cliff. raise taxes on everybody, short-term pain for long-term gain. >> remember, i'll make two quick points. first of which is if you're the cbo, the chart looks like a "v." you go down off the cliff, you take some pain over the first six months, then you return to trend, and then some over the ensuing three to five years. so there's something to be said for that. the other point i'll make, remember, if you're barack obama and you win...
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Nov 8, 2012
11/12
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FOXNEWS
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we have the fiscal cliff bearing down on us. so, why not look at simpson-bowles, although it's over two years later. >> its recommendations take on added weight as the congressional budget office released a report saying if the fiscal cliff happens, the economy will shrink half a percent. >> very, very unusual for cbo to come out and predict a recession if the fiscal cliff is not resolved. >> the simpson bowles commission had several recommendations but at the broadest form it was a little of everything. >> simpson-bowles basically included a ratio of about $2.50 in spending cuts for every dollar of revenue increases. >> mostly by eliminating tax deductions. it proposed a reform of entitlement, such as social security and medicare which many democrats are resisting. >> the good news is thank god people are living a heck of a lot longer. that is great news. it isn't good news for the treasury. >> one principle in entitlement reform is mean test benefit meaning the wealthier recipients get less. >> it has to be a means test. if yo
we have the fiscal cliff bearing down on us. so, why not look at simpson-bowles, although it's over two years later. >> its recommendations take on added weight as the congressional budget office released a report saying if the fiscal cliff happens, the economy will shrink half a percent. >> very, very unusual for cbo to come out and predict a recession if the fiscal cliff is not resolved. >> the simpson bowles commission had several recommendations but at the broadest form it...
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Dec 28, 2012
12/12
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CSPAN
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host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for
host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two...
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Nov 16, 2012
11/12
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fiscal cliff fears. td ai mer trade ceo tells us in realtime how investors are preparing and a how going over the cliff could harm investor confidence. >>> and it looks like apple stock has fallen off recently. is the worst yet to come, or is it time to take a bite out of this stock? >>> plus, walking out on walmart. employees threaten to leave the retailer high and dry thanksgiving day. could black friday sfwurn black and blue thursday? it's all ahead on the "closing bell." so uh this is my friend frank and his, uh, retirement plan. one golden crown. come on frank how long have we known each other? go to e-trade. they got killer tools man. they'll help you nail a retirement plan that's fierce. two golden crowns. you realize the odds of winning are the same as being mauled by a polar bear and a regular bear in the same day? frank! oh wow, you didn't win? i wanna show you something... it's my shocked face. [ gasps ] ♪ [ male announcer ] get a retirement plan that works at e-trade. >>> stocks staging a c
fiscal cliff fears. td ai mer trade ceo tells us in realtime how investors are preparing and a how going over the cliff could harm investor confidence. >>> and it looks like apple stock has fallen off recently. is the worst yet to come, or is it time to take a bite out of this stock? >>> plus, walking out on walmart. employees threaten to leave the retailer high and dry thanksgiving day. could black friday sfwurn black and blue thursday? it's all ahead on the "closing...
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Nov 28, 2012
11/12
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>> i think the fiscal cliff is looming. it is kind of in the background. but the sell-off is really triggered by the put buying from yesterday. some kind of fund liquidating. >> we'll send it over to you. >>> we'll speak with a key player in the fiscal cliff negotiations, senator kent conrad from north dakota just joined me. >>> plus warren buffett saying earlier on cnbc saying under his plan he'd pay a 35% tax on all the money he earns. good move? we'll discuss it when we come back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local
>> i think the fiscal cliff is looming. it is kind of in the background. but the sell-off is really triggered by the put buying from yesterday. some kind of fund liquidating. >> we'll send it over to you. >>> we'll speak with a key player in the fiscal cliff negotiations, senator kent conrad from north dakota just joined me. >>> plus warren buffett saying earlier on cnbc saying under his plan he'd pay a 35% tax on all the money he earns. good move? we'll discuss it...
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Dec 4, 2012
12/12
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the fiscal cliff counteroffer has one thing in common. the differences between the new republican plan and what the white house proposed are stark when it comes to taxes. the gop calls for $800 million in new taxes. it's half of what the white house asked for. republicans to $67 billion. the gop plan changes how security benefits would be calculated. why he favors tax rates instead of eliminating deductions. not enough revenue. less revenue equals more cuts in education. republicans ruled that out saying the new revenue would not be achieved through higher tax rates which we continue to oppose. they were referring to an erskine bowles plan that he testified to in the fall of 2011. the white house made it clear that's a nonstarter and they won't even respond until the gop puts forth a plan that includes a tax rate hike. the obstacle continues to be republicans who hold out hope. millionaires and billionaires. while it sounds like the two sides are far apart, the budget numbers are not that far apart. the white house you get close. they say
the fiscal cliff counteroffer has one thing in common. the differences between the new republican plan and what the white house proposed are stark when it comes to taxes. the gop calls for $800 million in new taxes. it's half of what the white house asked for. republicans to $67 billion. the gop plan changes how security benefits would be calculated. why he favors tax rates instead of eliminating deductions. not enough revenue. less revenue equals more cuts in education. republicans ruled that...
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Dec 6, 2012
12/12
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CSPAN2
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that being said, before we talk about fiscal cliff, we'll get because the last fiscal cliff. we had another fiscal cliff types of new with the debt limit to create a center that led to this ridiculous idea that i voted against that let's put a bunch of bad things to happen at one time because that will force washington to do something. surprise, it didn't work. here we are again. so we have to issues. number one is an immediate term to avoid doing damage. that's to avoid doing harm. so we need to look for a way to accomplish that in the short term. then we have had a conversation about getting the fiscal house in order it's just fundamentally true. we spend a trillion dollars a year more than we take in to assist attack. i approached this issue that the only way we can get that in order is to rapid economic growth. there's no taxes to raise. what the presidential post does not raise enough revenue, but it will make a dent on job creation, particularly middle-class job creation. so that's why i oppose this blanket instead i think we should do real tax reform. if there are loop
that being said, before we talk about fiscal cliff, we'll get because the last fiscal cliff. we had another fiscal cliff types of new with the debt limit to create a center that led to this ridiculous idea that i voted against that let's put a bunch of bad things to happen at one time because that will force washington to do something. surprise, it didn't work. here we are again. so we have to issues. number one is an immediate term to avoid doing damage. that's to avoid doing harm. so we need...
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Dec 4, 2012
12/12
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fiscal cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "t
fiscal cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of...
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Sep 23, 2012
09/12
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the are coming to this fiscal cliff reed is misnamed. cliff -- it is misnamed. though the government induced recession of these tax cut are eliminated so taxes go up. if the spending cuts occur the they have programs in for 2013, and will affect everyone. in the book, tim geithner argues to the president that if the united states defaults on its debt, if we do not straighten this out in the short run, hopefully the long run, that the impact on everyone is going to be giant. it will affect confidence, and employment levels. anyone who has any money or to submit getting any money that they have had invested in their home, bank accounts, any kind of investment, they will be impacted by all of this. we are skating on and living on the sharp edge of a razor blade. this all explodes not this week but in three or four months after the election if there is no fix. we are really in a giant mess. >> in an interview with david gregory, erskine bowles was asked about what is next. what we are facing here. here is what he had to say. >> i am frightened we will reach the fisc
the are coming to this fiscal cliff reed is misnamed. cliff -- it is misnamed. though the government induced recession of these tax cut are eliminated so taxes go up. if the spending cuts occur the they have programs in for 2013, and will affect everyone. in the book, tim geithner argues to the president that if the united states defaults on its debt, if we do not straighten this out in the short run, hopefully the long run, that the impact on everyone is going to be giant. it will affect...
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Oct 15, 2012
10/12
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CNBC
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cliff-hanger, how will the fiscal cliff hang out? will congress strike a deal. >>> value shopping, the dow and s&p only a few percentage points from all-time highs. what stocks are still cheap and which ones are priced for perfection? we're getting the traders' best ideas to help you make money right now. we are trading all of the big movers today with joe terranova, josh brown, mike fur mi, and stephanie link. let's get right to it. barron's putting out a bullish market issue but we're looking for deals. only six stocks in the dow have pe ratios below 10. hewlett-packard, jpmorgan, caterpillar, chevron, cisco, and microsoft. josh brown, what's the best buy right now? >> i love chevron. we've been buyers since it broke 100 to the upside. here is a stock that's about half the size of exxonmobil, has similar growth profile, and a higher dividend. can't see why anyone wouldn't make cvx part of their portfolio. >> even though they were a little cautious last week. >> but this is the type of stock you buy on cautious quarterly guidance be
cliff-hanger, how will the fiscal cliff hang out? will congress strike a deal. >>> value shopping, the dow and s&p only a few percentage points from all-time highs. what stocks are still cheap and which ones are priced for perfection? we're getting the traders' best ideas to help you make money right now. we are trading all of the big movers today with joe terranova, josh brown, mike fur mi, and stephanie link. let's get right to it. barron's putting out a bullish market issue but...
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Dec 1, 2012
12/12
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CNNW
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i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. i think it would be irresponsible. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff because then taxes go up across the board. and then it's got to be done retroactively. >> which is not what the president wants, but there's a big difference between this fiscal cliff and the full faith and credit of the united states. the american government has never defaulted on its debt. and now there are some, not the majority of republicans but some on the extreme of the republican party and they seem to be in control, who seem to want to default on our debt. that's crazy. if they cannot be entrusted with the full faith and credit of the united states, they should not have that leverage. >> paul, where were the overtures though? where were the overtures with this deal that was presented? i mean, listen, you don't have to be mensa to know de
i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. i think it would be irresponsible. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff because then taxes go up across the board. and then it's got to be done retroactively. >> which is not what the president wants, but there's a big difference...
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Oct 11, 2012
10/12
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>> it's all about the fiscal cliff at this point. what they want to know, simpson and bowles which was given the stiff arm by the obama administration, are they warming up to them? they've been all three of them very frank, particularly simpson and bowles, do they think there's a chance of them being adopted into the process? can we avoid the fiscal cliff. >> being described by some as a ticking time bomb for stocks. that cnbc exclusive up next. we'll hear from lloyd blankfein, alan simpson and erskine bowles in just a few minutes when "halftime" comes back. n see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. >>> all right. welcome back. as i said, we're just m
>> it's all about the fiscal cliff at this point. what they want to know, simpson and bowles which was given the stiff arm by the obama administration, are they warming up to them? they've been all three of them very frank, particularly simpson and bowles, do they think there's a chance of them being adopted into the process? can we avoid the fiscal cliff. >> being described by some as a ticking time bomb for stocks. that cnbc exclusive up next. we'll hear from lloyd blankfein, alan...
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Aug 23, 2012
08/12
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. >> susie: and an exclusive interview with two of the biggest names in the fiscal cliff debate. we talk with the co-chairs of the president's deficit reduction panel. >> tom: that and more tonight on nbr! captioning sponsored by wpbt >> tom: we begin tonight with the personal computer. this week, the two biggest makers of p.c.s, and their shareholders, are paying the price of competition from smart phones and tablets. the stocks of hewlett packard and dell trade near multi-year lows after reporting big drops in computer sales. after years of dominance in technology, is the age of the p.c. coming to an end? to get a glimpse of what this business could look like in the future, erika miller headed to pcmag.com. >> reporter: every generation has its computer. this was one of the first ibm personal computers, vintage 1981. remember this imac, also from the '80s? you can bet someday our children will view our sleek 2012 desktops as antiquities as well. it seems hard to believe that the ipad was only introduced two years ago. back then, skeptics predicted it would just be a fad, anothe
. >> susie: and an exclusive interview with two of the biggest names in the fiscal cliff debate. we talk with the co-chairs of the president's deficit reduction panel. >> tom: that and more tonight on nbr! captioning sponsored by wpbt >> tom: we begin tonight with the personal computer. this week, the two biggest makers of p.c.s, and their shareholders, are paying the price of competition from smart phones and tablets. the stocks of hewlett packard and dell trade near...
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Dec 3, 2012
12/12
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you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anything like it. >> yes, indeed, it seems that republicans are not quite sure what to make of the president taking a harder line across the bargaining table. >> you know, the president's idea of a negotiation is roll over and do what i ask. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. the president's plan is just, quite frankly, a joke. >> i'm not sure about that, senator graham, but there will be plenty of time for jok
you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was...
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Dec 9, 2012
12/12
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first, the bad news, it is just tweet days until the fiscal cliff deadline. the good news, only 17 days the mayans say we're all going to die so who cares about the fiscal cliff! exactly. >> we would like to announce we have reached an agreement to avoid a fiscal cliff. in order to get the support of the speaker, i agree there will be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean, i won the election. ( laughter ) i have the leverage. why give in? well, simply put-- i felt sorry for this man. >> is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! it. >> the ongoing talks. >> there aren't even very many talks going on. ( laughter ) >> you're kidding us! give us something! >> but for the first time, there are numbers on pieces of paper from both sides. >> numbers on paper! ( cheers and applause ) ( laughter ) >> schieffer: that is our "face the nation" flashback. one note to major garrett. major, i was here 10 years before people thought i was important enough, and you are off to a fine start. >>
first, the bad news, it is just tweet days until the fiscal cliff deadline. the good news, only 17 days the mayans say we're all going to die so who cares about the fiscal cliff! exactly. >> we would like to announce we have reached an agreement to avoid a fiscal cliff. in order to get the support of the speaker, i agree there will be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean, i won the election. ( laughter ) i have the leverage. why give in? well,...
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Sep 18, 2012
09/12
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CSPAN2
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this fiscal cliff wasn't supposed to happen. it was supposed to be so scary that elected leaders would do something more sensible. so now we've got to do something more sensible. our military colleagues have emphasized that the projected growth of the federal debt is an enormous threat to future american prosperity, and hence to our national security underworld leadership capacity. if we don't take immediate action to stabilize the future growth of debt we are going to be in real trouble. if we continue down this dangerous path, we will be using a growing part of our tax revenue, as the charged earlier showed, just to service the debt. we will be vulnerable to the demands of our foreign creditors. we will risk rapidly rising interest rates, more rapidly and were shown in the chart actually, that could lead to a prolonged recession. and we could possibly experience a sovereign debt crisis like we are witnessing in europe. we used to say with great conference we are not greece. well, we're not portugal, we are not italy, we are no
this fiscal cliff wasn't supposed to happen. it was supposed to be so scary that elected leaders would do something more sensible. so now we've got to do something more sensible. our military colleagues have emphasized that the projected growth of the federal debt is an enormous threat to future american prosperity, and hence to our national security underworld leadership capacity. if we don't take immediate action to stabilize the future growth of debt we are going to be in real trouble. if we...
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Nov 9, 2012
11/12
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and let me just start by saying, why is the fiscal cliff of such concern to you? i mean, do you -- what's the threat here? >> well, i think the big threat, judy, is that if we go off if fiscal cliff we will see negative g.d.p. in the first quarter. and when you get into a recession, american business, worldwide business, begins to make plans on how to reduce its operating costs. and that ultimately results in fewer jobs. so fewer jobs coupled with a negative g.d.p. ultimately put the economy in the wrong direction. and that's not good for anyone. >> woodruff: at the same time, i'm sure you know there's a body of thought out there that says some of the concern about the fiscal cliff is exaggerated. even if it didn't happen by january 1 that there would still be time to get things worked out that in other words this timetable is not so urgent, really. >> well, i think that's misplaced. american businesses are already planning for 2013. we take our operating budget to our board on november 29 and we're already gaining our investments and pulling back unemployment unt
and let me just start by saying, why is the fiscal cliff of such concern to you? i mean, do you -- what's the threat here? >> well, i think the big threat, judy, is that if we go off if fiscal cliff we will see negative g.d.p. in the first quarter. and when you get into a recession, american business, worldwide business, begins to make plans on how to reduce its operating costs. and that ultimately results in fewer jobs. so fewer jobs coupled with a negative g.d.p. ultimately put the...
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Sep 26, 2012
09/12
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boeing's ceo says executives are becoming more nervous about the fiscal cliff. james mcnerney says a lack of security on taxes and regulations are holding back job creation. norelco held near two-year highs. according to the commerce department, sales fell to a seasonally-adjusted annual rate of 373,000 which was below what economists were looking for, meanwhile, home prices jumped to their highest levels in more than five years. and greece's international lenders are at odds over how to solve the country's debt crisis. the imf has been pushing to restructure greek's debt owed to foreign creditors. e.u. leaders prefer to give greece more time to meet bailout goals. well, here we are at 30 minutes to go, actually, 20 minute toss go. of let's get a check on the markets with nicole petallides at the new york stock exchange. you've got one of today's top s&p 500 movers. what do you have? >> reporter: oh, yeah. taking a look at dean foods, right? i pulled it up nice and big for us. it's up a full five percentage points right now. dean foods clearly a winner on the s&
boeing's ceo says executives are becoming more nervous about the fiscal cliff. james mcnerney says a lack of security on taxes and regulations are holding back job creation. norelco held near two-year highs. according to the commerce department, sales fell to a seasonally-adjusted annual rate of 373,000 which was below what economists were looking for, meanwhile, home prices jumped to their highest levels in more than five years. and greece's international lenders are at odds over how to solve...
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Dec 4, 2012
12/12
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that's really what the crux of this fiscal cliff negotiation -- what these fiscal cliff negotiations are all about. they're about fairness. when the president and congressional democrats talk about the need for balanced approach, to deficit reduction and dealing with the fiscal cliff, we're talking about fairness. we're talking about making sure that if you work hard and play by the rules everyone has a chance to succeed. that the middle class needs certainly tight right now. speaker pelosi and my colleague congressman tim walls, filed a discharge petition today to take the bill that we have, that has already passed the senate, that grants certainty to the middle class, to take that bill up and make sure that we can extend the middle class tax breaks before the holidays where we can give -- that's what everyone agrees on. i don't know any republican or democrat that thinks we should let those tax rates -- tax cuts for the middle class expire. so we should pass that now. and then on the things that we're having more trouble agreeing on, we should sit down at the table. the one thing i
that's really what the crux of this fiscal cliff negotiation -- what these fiscal cliff negotiations are all about. they're about fairness. when the president and congressional democrats talk about the need for balanced approach, to deficit reduction and dealing with the fiscal cliff, we're talking about fairness. we're talking about making sure that if you work hard and play by the rules everyone has a chance to succeed. that the middle class needs certainly tight right now. speaker pelosi and...